Tuesday, June 26, 2012

How to Keep Your Wealth - Think Like a Turtle

Have you ever wondered how the turtle has managed to survive throughout history ?

How could such a slow moving creature not have become extinct long ago ?

I believe that it's all in the shell !

Build Your Shell

We could all take a lesson from the slow moving, well protected, cautious turtle. The first part is to protect yourself from all potential financial disasters. Example. loss of a job, loss of health, loss of life for your loved ones future. Get adequate insurance for everything you value. Your income, your health, your belongings and  even your very life itself.

Build your shell of protection to ward off all financial disasters that could destroy your future financial wealth building plans. A must for anyone who wants to obtain true wealth.

Step Slowly

Step very slowly and cautiously with every step you take towards achieving your wealth. Do not step into something before understanding it totally. A missed step along the way could actually cause you to lose many steps before you recover.

Stop, Look and Listen

Along your path to building wealth, it is always wise to stop and reflect on where you have come from and even reward yourself along the way for steps that you have achieved. Also, take a look ahead and ensure that the plan you initially developed is still relevant today. Don't be afraid to adjust it when necessary. A course correction so to speak.

Pull in When Danger Approaches

It is wise to become less aggressive with your investing when there has been a long period of steady growth. Most markets progress in cycles and not at a steady and even pace. Never be afraid of selling an investment to capture a gain. There will always be another opportunity in the future. Keep a higher level of cash when you feel there are few opportunities. Wait for the right opportunity at the right time.

Turtle Power

We can all learn lessons from the wise, old prehistoric turtle. The turtle has survived all these years because of built in protection and cautious movements. These are two vital components for anyone who truly wants to create everlasting wealth. Plan for the best and be prepared for the worst. An everlasting plan for true wealth creation.

As always, I welcome your comments and suggestions for future topics.

1 comment:

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